Prospects for the Development of Human Resources in Small and Medium-sized Enterprises, Microenterprises, and in Informal Sectors

Abstract

An overview of the global position held by Asian countries looks very impressive on the world map. It is important to reconfirm at first Asia’s standing in the world as a community. Asia’s high economic growth in 2005 was most impressive in the last decade. Further, China’s and India’s growth in gross domestic product (GDP) taken together in the same year is more impressive. In 2005, the GDP of China (40.9 %) and India (14.3 %) together accounted for 55.2 % of the Asian GDP, up from 49 % in 2000. The combination of the two emerging economies, China and India, has been referred to as ‘CHINDIA’. China is projected to produce one-third of all the wealth in the world, provided the economic trends established between 1975 and 2002 continue for another decade.